Shivam Autotech Ltd

Shivam Autotech Ltd

₹ 40.8 -0.46%
28 Jun - close price
About

Incorporated in 1999, Shivam Autotech Ltd is in the manufacturing of Near-Net-Shaped, auto transmission components for Original Equipment Manufacturers[1]

Key Points

Business Overview:[1]
Company serves OEMs by manufacturing a range of auto components and accessories including transmission gears, transmission shafts, alternator components, starter motor components, magneto components and steering components using cold, warm and hot forging employing near net shape technology.

  • Market Cap 498 Cr.
  • Current Price 40.8
  • High / Low 49.8 / 24.9
  • Stock P/E
  • Book Value 4.55
  • Dividend Yield 0.00 %
  • ROCE 2.82 %
  • ROE -62.7 %
  • Face Value 2.00

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 8.96 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -5.87% over past five years.
  • Company has a low return on equity of -30.8% over last 3 years.
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
161.93 112.73 130.09 114.62 111.76 117.62 134.17 103.13 115.44 107.99 117.11 120.83 123.74
131.40 99.25 122.14 86.68 89.87 100.74 122.09 94.03 104.07 98.57 108.29 110.71 108.81
Operating Profit 30.53 13.48 7.95 27.94 21.89 16.88 12.08 9.10 11.37 9.42 8.82 10.12 14.93
OPM % 18.85% 11.96% 6.11% 24.38% 19.59% 14.35% 9.00% 8.82% 9.85% 8.72% 7.53% 8.38% 12.07%
1.17 1.50 2.00 -1.23 1.91 1.09 0.99 0.50 0.28 0.61 0.76 0.46 2.12
Interest 16.03 17.83 8.47 12.08 12.24 12.17 13.37 12.08 12.27 13.49 13.83 15.29 15.10
Depreciation 9.56 10.47 10.27 10.40 9.74 9.00 8.83 8.85 8.55 9.14 9.06 8.92 8.84
Profit before tax 6.11 -13.32 -8.79 4.23 1.82 -3.20 -9.13 -11.33 -9.17 -12.60 -13.31 -13.63 -6.89
Tax % 183.31% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -20.50% 0.00% -14.05% -6.97% -13.50%
-5.09 -13.32 -8.79 4.23 1.82 -3.20 -9.13 -11.33 -11.06 -12.60 -15.17 -14.58 -7.82
EPS in Rs -0.42 -1.09 -0.72 0.35 0.15 -0.26 -0.75 -0.93 -0.90 -1.03 -1.24 -1.19 -0.64
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
372 399 446 425 456 557 636 588 487 469 470 470
284 318 363 355 409 478 553 536 410 398 421 426
Operating Profit 87 80 83 70 48 78 82 52 78 71 49 43
OPM % 23% 20% 19% 17% 10% 14% 13% 9% 16% 15% 11% 9%
0 0 -0 0 0 1 1 1 3 4 3 4
Interest 25 20 20 21 29 46 49 53 57 51 50 58
Depreciation 31 31 27 28 32 41 49 54 49 41 35 36
Profit before tax 32 29 36 21 -13 -8 -14 -54 -25 -16 -33 -46
Tax % 11% 2% 22% 10% 73% 84% -33% 32% 8% 0% -6% -8%
28 28 28 19 -4 -1 -18 -37 -23 -16 -35 -50
EPS in Rs 2.31 2.33 2.30 1.57 -0.29 -0.10 -1.49 -3.04 -1.84 -1.31 -2.84 -4.11
Dividend Payout % 14% 16% 21% 21% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: -6%
3 Years: -1%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -45%
Stock Price CAGR
10 Years: 9%
5 Years: 8%
3 Years: 23%
1 Year: 62%
Return on Equity
10 Years: -9%
5 Years: -26%
3 Years: -31%
Last Year: -63%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 10 10 10 20 20 20 20 20 20 24 24 24
Reserves 128 151 172 175 172 171 153 115 93 114 80 31
128 117 199 305 399 412 434 439 489 389 428 211
70 75 79 80 87 91 145 150 133 114 124 298
Total Liabilities 336 353 460 580 678 694 752 724 734 641 656 565
242 229 251 246 353 445 467 448 429 394 362 330
CWIP 0 1 6 101 81 6 1 28 1 2 1 3
Investments 0 0 0 0 0 0 0 0 0 0 0 0
94 124 203 233 244 243 284 248 304 244 293 232
Total Assets 336 353 460 580 678 694 752 724 734 641 656 565

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
83 55 7 47 27 79 94 104 72 65 65 33
-12 -19 -55 -118 -86 -48 -68 -43 -18 -4 -1 -4
-70 -36 54 68 62 -33 -26 -58 -3 -113 -7 -86
Net Cash Flow 0 -0 6 -3 2 -3 1 2 50 -52 57 -57

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 24 27 40 40 53 54 54 44 50 64 73 66
Inventory Days 168 178 193 235 213 176 173 124 205 190 158 157
Days Payable 127 125 117 118 133 107 167 147 182 157 149 111
Cash Conversion Cycle 65 81 116 158 133 124 60 21 74 98 81 112
Working Capital Days -7 15 45 70 69 40 21 1 46 62 50 50
ROCE % 20% 18% 17% 10% 3% 6% 6% -0% 6% 6% 3%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.80% 74.80% 74.80% 74.80% 74.80% 74.80% 74.80% 74.80% 74.80% 74.80% 74.80% 74.80%
0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07%
0.02% 0.02% 0.02% 0.02% 0.02% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
25.18% 25.18% 25.18% 25.18% 25.19% 25.17% 25.19% 25.18% 25.19% 25.18% 25.18% 25.11%
No. of Shareholders 28,08627,89929,90532,45629,35427,86727,65127,21027,05328,41328,27027,737

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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